SAIC Motor Climbs Fortune 500 List

    Carprices Team / Posted On - December 13th 2022


    SAIC Motor has achieved its highest-ever ranking on the Fortune 500 list, occupying 36th place and topping all other Chinese automakers.
    SAIC Motor is on the prestigious list for the 14th consecutive year now, achieving its best ever spot this year. Ranked no. 36 by the U.S.-based Fortune Magazine, the Chinese automaker has scaled up five places compared to the previous listing. The accolade is courtesy of the brand achieving a sales revenue of $128.819 billion and selling 6.93 million cars in the 2017 financial year. This calculates to a 6.8 percent increase year-on-year as compared to 2016.
    SAIC Motor is a globally well-established brand, with a strong presence in 13 countries that include ASEAN, Middle East, Africa, Europe, and Oceania. The firm also possesses an innovation centre in Silicon Valley. It is currently the largest automobile manufacturer in China, and is ranked seventh among all automakers on the Fortune 500 list, finishing ahead of BMW and Hyundai.
    In the first half of 2018, SAIC sold 57,000 units of alternative-fuel cars, translating to a massive 275 percent growth rate year-on-year. This growth rate is more than twice the current market rate.
    As part of its ambitious global expansion plans, SAIC Motor has been expanding and consolidating its presence in the Middle East. Its Middle Eastern headquarters are in Dubai's Jebel Ali Free Zone, set up back in 2015. SAIC Motor introduced the MG brand to the Middle East, which boasts of a fresh lineup of vehicles including the MG RX5, ZS, GS, and the new second-generation MG6 sedan. MG Motor has expanded its operations through new distribution networks with the appointment of new partners in the UAE and KSA within the last 12 months.

    Latest News

    Here's What You Can Do During A Car Break Down In ...
    The New BMW 5 Series Touring Can Be A Better Famil...
    Are Chinese Luxury Cars Better Than German Luxury ...
    Internal Combustion Engine Car VS Hybrid Car! Whic...
    The New BMW M4 and The New BMW M4 Convertible Beca...
    The Revamped 2024 BMW 4 Series Coupé and BMW 4 Ser...

    Related News

    MG Motors MG RX5 Now Available In The Middle East ...

    FROM LAST TWO WEEK

    Here's What You Can Do During A Car Break Down In The Middle Of Nowhere In The UAE!
    February 16th 2024

    The New BMW 5 Series Touring Can Be A Better Family Companion Than SUVs If It Will Arrive In UAE!
    February 16th 2024

    Popular News

    Article Image
    Best New Cars To Buy In UAE Under AED 100,000!
    Article Image
    All-New 2024 Toyota Land Cruiser Prado Returns To Rule The Off-Roads!
    Article Image
    Top 10 New Hybrid Cars To Buy In UAE Under AED 230,000
    Article Image
    Top 10 Chinese Cars To Buy In UAE In 2023!
    Article Image
    10 Best New SUVs To Buy In UAE Under AED 80,000
    Article Image
    Top 10 Most Fuel Efficient Cars in UAE | Fuel-Efficient Car in Dubai
    Article Image
    10 Important Things To Know About the 2024 Toyota Land Cruiser Prado Before Its UAE Launch
    Article Image
    2024 Toyota Land Cruiser 70 Series Revealed!